Question: Exercise 5.4.5: Show er = lim (1 +-) . 11 0o Hint: Take the logarithm. Note: The expression (1arises in compound interest calculations. It is

Exercise 5.4.5: Show er = lim (1 +-) . 11 0o

Exercise 5.4.5: Show er = lim (1 +-) . 11 0o Hint: Take the logarithm. Note: The expression (1arises in compound interest calculations. It is the amount of money in a bank account after 1 year if 1 dollar was deposited initially at interest x and the interest was compounded n times during the year. The exponential e is the result of continuous compounding

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